Kite Realty seeks TIF funds for 3 mixed-use projects
Indianapolis-based developer Kite Realty Group Trust is asking the cities of Carmel and Indianapolis to ante up incentives for a trio of mixed-use projects in its pipeline.
Mickey Shuey
Articles
Ambrose is mum, but experts say it likely ran into financing problems for $1.4B Waterside
Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.
NBC says IndyCar viewership climbed 9% in first year of media deal
The eight broadcasts on NBC had an average of 929,000 total viewers—up 3% over the four non-Indy 500 races on ABC last year. NBCSN broadcast the other eight races on the schedule.
Convention center planning much-needed Wi-Fi upgrade in 2020
The past-its-prime Wi-Fi system at the Indiana Convention Center could get a big boost in 2020, as its owner looks to make $5.7 million in enhancements to the venue.
Local real estate developers join Big Red Liquors ownership
TWG Development’s Tony Knoble and Justin Collins are joining Big Red executive Don Rix as new co-owners of the state’s largest package liquor store chain, alongside founder Mark McAlister.
City ‘full speed ahead’ on Oaktree apartments demolition
Indianapolis officials expect to move forward with razing the blighted northeast-side complex, after the owner failed to request a last-ditch hearing by the state’s Supreme Court.
Local developer plans to take up Cambria flag with proposed downtown hotel
A 148-room Cambria hotel is planned for South Meridian Street, less than one year after a local developer scrapped plans for a hotel near the same location with the same brand.
After delay, developer moving ahead with $46M canal apartment project
Louisville-based Investment Property Advisors is planning 279 additional units and more than 28,000 square feet of retail space just south of its 9 on Canal project, to be dubbed 350 West.
Brownsburg’s newly built downtown starting to fill up
Through a series of developer partnerships that included $53 million in private funding, more than $90 million worth of new buildings and infrastructure improvements have been added along or near North Green Street.
Developers planning $25M development on former brownfield site
The city has spent the past several years remediating the former railyard site and marketing it for potential development.
Owner proposes 22-story addition to downtown’s Morrison Opera Place
Plans for the development include a 220-room hotel and 32 residential units. The addition would boost the existing historic building from four to 26 stories.
Long-delayed, $60M project in Mapleton-Fall Creek back on track
The neighborhood’s community development corporation has recast its vision for the expansive Central@29 project and hopes to begin construction of its first phase of apartments next summer.
Q&A with Chad Halstead, an Opportunity Zone adviser
For the past 12 years, Chad Halstead, 39, has helped land government incentives for some of the area’s biggest real estate developments.
Developer Litz & Eaton split leaves messy trail
Five years after the prominent developer upped its business ambitions—going from a home-renovation firm to high-end, multi-home projects—the firm is unraveling.
Finding right use for Carson’s space a tough challenge, panelist says
Circle Centre’s role as a hospitality gateway and downtown attraction was among the topics covered during a wide-ranging panel discussion at IBJ’s Commercial Real Estate and Construction Power Breakfast.
New 104-room hotel planned for Old Southside neighborhood
A local investment group plans to spend $9 million to $10 million to construct the four-story hotel at 324 Wilkins St. If approved, the development would bring a new, fast-growing midscale hotel brand to Indianapolis.
Downtown’s E’laan apartment building set for sale, $5M expansion
An upscale apartment building in downtown Indianapolis is expected to be acquired at the end of this month by a local firm that is planning an expansion project that will almost triple the number of units in the property.
IHPC gives preliminary critique of plans for fieldhouse renovation
While most members of the historic preservation commission were pleased with the early designs for revamping and expanding Bankers Life Fieldhouse, some believed the more contemporary vibe failed to mesh with the fieldhouse’s old-school character.
Council approves incentives for $66M downtown project
The Indianapolis City-County Council on Monday night approved nearly $10 million in financial incentives for a Denver-based developer that is planning a 13-story apartment, retail and office project across the street from the Indiana War Memorial.
Indiana Fever fire Pokey Chatman after three seasons as coach, GM
In three years at the helm, Chatman compiled a 28-74 record, including a 13-21 mark this year—an improvement from the team’s 6-28 record a year ago.